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BIOCON Share Tips, Technical Analysis Chart, Intraday Stock Trading Graph Advice - Stock moving up from strong support zone and has formed head and shoulder formation, further buying expecting once stock closes above 515. (Updated on 23rd September 2014, Tuesday).


BIOCON




  • Stock is currently facing strong golden ratio resistance @ 515, close watch will favor bulls once stock closes and stays above 515. If moved up then will find resistance around 523 and 553.
    • Intraday close watch once stock starts trading above 515, if holds above during market hours then intraday bulls action is expecting.
  • Chart also indicates that stock is moving up from 200 DMA and strong trend line support zone, as long as stock hold above bulls will be favored.
  • Chart also indicates that BIOCON has formed head and shoulder formation in daily chart and stock is now on the verge of bullish breakout @ 515. Even stock major trend indicator "MACD" is moving in +ve zone and above level 0 , this indicates stock price improvement can be seen.
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What is Intraday Tips ?

Q. What is Intraday Tips / Inraday Trading / Delivery trading.

A. There are basically two types of trading on stock market--
1- Delivery
2- Intraday

Delivery trading is one in which shares are bought and can only be sold after they are delivered by the broker.that means that they cannot be sold the same day , and delivery takes two to three days after they are bought and then they are ready to be sold.

Intraday trading which takes place for that very particular day and there is no delivery..they can be bought and sold the same day...and are automatically sold at the end of the trading session if you have not sold it by yourself during the trading session. The person who suggest such types of forecast is called

Intraday Tips

.